The latest in a string of high-profile hacks, the collapse of MtGox is something that will have repercussions for bitcoiners everywhere. But if it can be viewed as a positive step towards legitimizing bitcoin, there’s still room for optimism.

A number of exchanges have been popping up in recent months which are better equipped to deal with the pressures of the modern market, and their success could spell good news for bitcoin.

There are also plenty of other reasons to be cheerful about bitcoin’s prospects right now. Here are five reasons it’s not all bad news.

Bitcoin Price Falls Again Following MtGox Collapse (CoinTelegraph)

__________________________________________________________________

The latest in a string of high-profile hacks, the collapse of MtGox is something that will have repercussions for bitcoiners everywhere. But if it can be viewed as a positive step towards legitimizing bitcoin, there’s still room for optimism.

A number of exchanges have been popping up in recent months which are better equipped to deal with the pressures of the modern market, and their success could spell good news for bitcoin.

There are also plenty of other reasons to be cheerful about bitcoin’s prospects right now. Here are five reasons it’s not all bad news…

Bitcoin Price Falls Again Following MtGox Collapse (CoinTelegraph) – It seems that the collapse of the world’s largest Bitcoin exchange has done little to convince investors that this is a currency worth dealing in; with another drop in price overnight, albeit much less significant than the last 24 hours’ fall…

The latest in a string of high-profile hacks, the collapse of MtGox is something that will have repercussions for bitcoiners everywhere. But if it can be viewed as a positive step towards legitimizing bitcoin, there’s still room for optimism. A number of exchanges have been popping up in recent months which are better equipped to deal with the pressures of the modern market, and their success could spell good news for bitcoin. There are also plenty of other reasons to be cheerful about bitcoin’s prospects right now. Here are five reasons it’s not all bad news.

Bitcoin Price Falls Again Following MtGox Collapse (CoinTelegraph)

__________________________________________________________________

The latest in a string of high-profile hacks, the collapse of MtGox is something that will have repercussions for bitcoiners everywhere. But if it can be viewed as a positive step towards legitimizing bitcoin, there’s still room for optimism.

A number of exchanges have been popping up in recent months which are better equipped to deal with the pressures of the modern market, and their success could spell good news for bitcoin.

There are also plenty of other reasons to be cheerful about bitcoin’s prospects right now. Here are five reasons it’s not all bad news…

Bitcoin Price Falls Again Following MtGox Collapse (CoinTelegraph) – It seems that the collapse of the world’s largest Bitcoin exchange has done little to convince investors that this is a currency worth dealing in; with another drop in price overnight, albeit much less significant than the last 24 hours’ fall…

Bitcoin falls as MT Gox goes offline amid rumors it has lost up to $350m worth of client funds due to theft (The Guardian).

__________________________________________________________________

Bitcoin has fallen nearly 20% after the Tokyo-based digital currency exchange Mt Gox went offline, leading to rumors that customers’ holdings may have been compromised.

On Sunday afternoon the value of one bitcoin stood at $565.27 according to CoinDesk, valuing the 744,408 bitcoins Mt Gox is thought to be holding at just under $350m (£220m).

The company’s website was unavailable on Monday morning with users getting an error message instead (screenshot).